Short Interest in Jewett-Cameron Trading Company (NASDAQ:JCTC) Drops By 58.7%

Jewett-Cameron Trading Company (NASDAQ:JCTC) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 5,511 shares, a drop of 58.7% from the April 15th total of 13,342 shares. Based on an average daily volume of 19,013 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Insider Buying and Selling

In other Jewett-Cameron Trading news, major shareholder Community Foundation Oregon sold 43,980 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $1.81, for a total value of $79,603.80. Following the sale, the insider directly owned 785,959 shares of the company’s stock, valued at approximately $1,422,585.79. This trade represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 68,675 shares of company stock valued at $123,882 over the last quarter. 1.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Jewett-Cameron Trading

Hedge funds and other institutional investors have recently made changes to their positions in the company. DRW Securities LLC purchased a new position in shares of Jewett-Cameron Trading in the fourth quarter valued at approximately $44,000. Susquehanna International Group LLP purchased a new position in shares of Jewett-Cameron Trading in the third quarter valued at approximately $54,000. Finally, Citadel Advisors LLC purchased a new position in shares of Jewett-Cameron Trading in the third quarter valued at approximately $77,000. Hedge funds and other institutional investors own 26.05% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Jewett-Cameron Trading in a report on Friday, April 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Jewett-Cameron Trading Stock Down 4.5%

Shares of NASDAQ JCTC traded down $0.09 during midday trading on Friday, hitting $1.91. The stock had a trading volume of 24,320 shares, compared to its average volume of 30,471. The company has a market capitalization of $6.72 million, a PE ratio of -0.83 and a beta of 0.35. The stock has a 50 day simple moving average of $1.82 and a 200-day simple moving average of $2.10. Jewett-Cameron Trading has a 1 year low of $1.54 and a 1 year high of $4.02.

Jewett-Cameron Trading (NASDAQ:JCTC) last released its earnings results on Monday, April 13th. The company reported ($0.35) earnings per share for the quarter. The firm had revenue of $10.54 million during the quarter. Jewett-Cameron Trading had a negative net margin of 19.19% and a negative return on equity of 33.33%.

Jewett-Cameron Trading Company Profile

Jewett-Cameron Trading Company Ltd. is a supplier of `Value-added` building materials to major home improvement center chains in the western United States. The Company concentrates on the residential repair and remodeling segment of the building materials industry.